Transcript UNIT 15 REVIEW GAME

UNIT 4 & 5 REVIEW GAME
Personal Finance
& Review
1
2
3
4
5
Business Cycle
1
2
3
4
5
Personal Finance
1
2
3
4
5
Economic Indicators
1
2
3
4
5
Federal Reserve
1
2
3
4
5
Association of workers
organized to improve wages
and working conditions for its
members.
Labor Union
When a neutral person steps
in and tries to get both sides
to reach an agreement.
mediation
A movement to educate
buyers about the purchases
they make and to demand
better and safer products.
consumerism
Using $ to earn $ later.
Investment
What is a CD?
Certificate of deposit
Portion of the business cycle
when millions are out of work,
many businesses fail, and the
economy operates at far
below capacity.
depression
Portion of the business cycle
un which economic activity
slowly increases.
expansion
Portion of the business cycle
when economic activity is
slowing down.
contraction
When economic activity
declines for a period of 6
months or more.
recession
When the business cycle has
reached its highest point and
contraction is about to occur.
Peak or boom
A portion of a corporation is
sold in units called…
shares
What is credit?
Borrowing money to pay for
something now, promise to pay
back later
A record of what you earn &
spend.
budget
Money left over after paying
taxes
Disposable income
Money left over after paying
for necessities.
Discretionary income
Contraction or Expansion
If delayed deliveries are
increasing, the economy in a
period of…
expansion
Contraction or Expansion
If the money supply is
decreasing, the economy is a
period of…
contraction
Contraction or Expansion
If economists are worried
about inflation, the economy
is in a period of…
expansion
Economic indicators that
gauge whether consumers feel
good about the economy.
Consumer confidence
The total retail value of all
goods and services produced
in a nation in a given year.
GDP – Gross domestic Product
Increase or Decrease
If the Federal Reserve lowers
the reserve requirement,
what effect will this have on
the money supply?
Increase
Increase or Decrease
If the Federal Reserve lowers
the discount rate, what
effect will this have on the
money supply?
Increase
Increase or Decrease
If the Federal Reserve sells
securities on the open
market, what effect will this
have on the money supply?
Decrease
Inflation or Recession
If the Federal Reserve buys
securities on the open
market, what economic
problem are they trying to
solve?
Recession
Inflation or Recession
If the Federal Reserve raises
the discount rate, what
economic problem are they
trying to solve?
Inflation